General American Investors Inc Stock Forecast
General American Investors Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The General American Investors Inc stock price gained 0.641% on the last trading day (Friday, 3rd May 2024), rising from $46.03 to $46.33. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.693% from a day low at $46.17 to a day high of $46.49. The price has risen in 6 of the last 10 days and is up by 3.89% over the past 2 weeks. Volume fell on the last day by -869 shares and in total, 14 thousand shares were bought and sold for approximately $643.96 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between $46.12 and $48.49 at the end of this 3-month period.
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GAM Signals & Forecast
The General American Investors Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.82 and $45.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Friday, December 08, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 08, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for General American Investors Inc stock
General American Investors Inc finds support from accumulated volume at $45.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.320 between high and low, or 0.693%. For the last week the stock has had daily average volatility of 1.19%
Our recommended stop-loss: $44.30 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (GAM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect General American Investors Inc to open at $46.33, and during the day (based on 14 day Average True Range), to move between $45.79 and $46.86, which gives a possible trading interval of +/-$0.535 (+/-1.16%) up or down from last closing price. If General American Investors Inc takes out the full calculated possible swing range there will be an estimated 2.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.33 (0.01%) than the support at $45.44 (1.91%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is General American Investors Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for General American Investors Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.833 Buy Candidate Upgraded
Predicted Opening Price for General American Investors Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$46.33 ( 0.0073%) | $46.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.65 | 0.698 % | |
R2 | 46.53 | 0.434 % | ||
R1 | 46.45 | 0.271 % | ||
Current price: | 46.33 | |||
Support | S1 | 46.21 | -0.257 % | |
S2 | 46.13 | -0.419 % | ||
S3 | 46.01 | -0.683 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.59 | 0.572 % | |
R2 | 46.38 | 0.119 % | ||
R1 | 46.33 | 0.0108 % | ||
Current price | 46.33 | |||
Support | S1 | 45.44 | -1.91% | |
S2 | 44.98 | -2.90% | ||
S3 | 44.83 | -3.23% |
GAM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 01, 2023 | Nov 10, 2023 | Dec 28, 2023 | $4.75 | 10.95% |
2 | Nov 02, 2022 | Nov 10, 2022 | Dec 28, 2018 | $1.00 | 3.56% |
3 | Jan 26, 2022 | Feb 04, 2022 | Feb 18, 2022 | $0.500 | 1.23% |
4 | Nov 03, 2021 | Nov 12, 2021 | Dec 30, 2021 | $3.05 | 6.86% |
5 | Jan 28, 2021 | Feb 05, 2021 | Feb 19, 2021 | $0.250 | 0.644% |
FAQ
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